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BNP Paribas signs engagement letter with Northgate Minerals for US$100 million project debt facility

Fasken
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Overview

Client

BNP Paribas

On August 24, 2010, Northgate Minerals Corporation announced that it had entered into an engagement letter with BNP Paribas for the purpose of establishing a US$100 million seven-year project debt facility (the "Facility") for construction of Northgate's Young-Davidson Mine, located in northern Ontario. BNP Paribas has been given an exclusive mandate to act as lead arranger of the Facility. Closing of the Facility is anticipated in the fourth quarter of 2010. BNP Paribas is being advised by Fasken Martineau with a team led by Brian Wright (banking) and including Ron Nobrega (tax), Dan Law (real estate), Neil Smitheman and Tracy Pratt (Aboriginal), and Dave Ferris and Louise Kennedy (banking).

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